Topic: Interest Rates
World Bank: Raising rates quickly may cause slump: report
Reuters US Online Report Business News
<div><p>SINGAPORE (Reuters) - Swift interest rate hikes aimed at containing inflation in product and asset prices could cause another downturn in the slowly recovering economies of the United States and Europe, the head of the World Bank said.</p><p>"Waiting ...
The Federal Reserve Announces Its Leaving Interest Rates Unchanged
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Euro, pound slide against dollar
AFP Global Edition
<div><p>The euro and the pound fell sharply against the dollar on Tuesday as European stock markets tumbled and Britain unveiled a major shake-up of the banking industry, analysts said.</p><p>Meanwhile international monetary policy was in focus after Australia ...
Australia raises rates for second month in a row
AFP Global Edition
<div><p>Australia's central bank hiked interest rates by 25 basis points for a second successive month on Tuesday, saying the improving economic outlook and expected growth in Asia justified the move.</p><p>Central bank governor Glenn Stevens said the ...
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